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Originally Posted by Jim Anderson
That was because we were short on oil. The problem now is the price.
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Umm, once again the price is high because we are short on oil. OK, this time it's a shorter-term delivery problem, but anyway you look at it, not as much oil/gasoline that can be delivered to the pumps today as compared to earlier.
Constant demand + smaller supply = Higher prices commanded
Increase supply, or lower demand, and prices will fall.